The above retailer wants to understand the relationship between which of two products will be purchased...
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The above retailer wants to understand the relationship between which of two products will be purchased by a subject, based on their different designs. Now, which types of model can be considered to answer the above fim issue? Answers: Linear Regression Binary Logit Multinomial Logit All the above models The above firm wants to understand the relationship between which of its 10 products will be purchased by a subject, based on their different designs and sizes. After collecting the data, which types of model can be used to analyze the data? Answers: Linear Regression Multinomial Probit Multinomial Logit Band C Netflix wants to know the effect of genres of movie i on the rating of customers about it. On Netflix website, each product can be rated either 1,2, 3, 4, or 5 stars. If Netfilx wants to study Rating=figenres;}+e, Which types of model is more appropriate to find the above effect? Answers: Multinomial Probit Ordered Probit Multinomlal Logit Linear Regression HBO wants to understand the relationship between the price and customers' decision of "Watch" or "Not to Watch". According to its customer dataset, the retailer did a logistic analysis as follows: Prob(Y="Watch")=exp(B0+61Price)/I+exp(B0+BIPrice) The estimation result is provided in the below table. Standard Error Parameter DF Estimate Pr> ChiSq 0.9 0.6979 <0001 Intercept Price Which of the following statements is true? -0.2 0.004669 <.0001 If price goes up by $1, the probability of watching will drop by -0.2%. Answers: If price goes up by $1, the ratio of odds of watching to not watching will decrease by a factor exp(-0.2). If price goes up by $1, the ratio of odds of watching to not watching will increase by a factor exp(-0.2). If price goes up by $1, the log of ratio of odds of watching to not watching will decrease by a factor expl-0.2). The above retailer wants to understand the relationship between which of two products will be purchased by a subject, based on their different designs. Now, which types of model can be considered to answer the above fim issue? Answers: Linear Regression Binary Logit Multinomial Logit All the above models The above firm wants to understand the relationship between which of its 10 products will be purchased by a subject, based on their different designs and sizes. After collecting the data, which types of model can be used to analyze the data? Answers: Linear Regression Multinomial Probit Multinomial Logit Band C Netflix wants to know the effect of genres of movie i on the rating of customers about it. On Netflix website, each product can be rated either 1,2, 3, 4, or 5 stars. If Netfilx wants to study Rating=figenres;}+e, Which types of model is more appropriate to find the above effect? Answers: Multinomial Probit Ordered Probit Multinomlal Logit Linear Regression HBO wants to understand the relationship between the price and customers' decision of "Watch" or "Not to Watch". According to its customer dataset, the retailer did a logistic analysis as follows: Prob(Y="Watch")=exp(B0+61Price)/I+exp(B0+BIPrice) The estimation result is provided in the below table. Standard Error Parameter DF Estimate Pr> ChiSq 0.9 0.6979 <0001 Intercept Price Which of the following statements is true? -0.2 0.004669 <.0001 If price goes up by $1, the probability of watching will drop by -0.2%. Answers: If price goes up by $1, the ratio of odds of watching to not watching will decrease by a factor exp(-0.2). If price goes up by $1, the ratio of odds of watching to not watching will increase by a factor exp(-0.2). If price goes up by $1, the log of ratio of odds of watching to not watching will decrease by a factor expl-0.2).
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All the above models can be considered to answer the firm issue Lin ear regression would be used to ... View the full answer
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan ,Richard G Lipsey
Posted Date:
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